Property investors enjoyed capital gains of 10.45% over the last 12 months in TAILEM BEND, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 2.95% growth over a ten-year period. It ranks 2693rd on our list of suburbs that property investors should look into.
TAILEM BEND, 5260 has a capital gain of 10.45% for the past year, which is higher than average compared to its 28.03% growth within a five-year period.
With the median home price in TAILEM BEND sitting at $185,000, and the average rent at $225, property owners could potentially earn a 6.32% increase in gross rental yield.
A 10.45% increase in median property prices in TAILEM BEND, 5260 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 83rd.
Figures from the previous quarter show that capital gains for real estate buyers in TAILEM BEND are high, as opposed to average gains per annum over the past five years.
TAILEM BEND, 5260 in SA belongs to the local government area of The Coorong.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.45%||N/A|
|Median 3 years||21.31%||N/A|
|Median 5 years||28.03%||N/A|
|10 years average annual||2.95%||N/A|
|Weekly media advert. rent||$225||N/A|
|Time on Market||117.7 days||N/A|
|Gross Rental Yield Percent||6.32%||N/A|